Real, Public Utility Property Tax
Real Estate and Public Utility Property Taxes:
Gross Taxes Levied, Taxes Charged, and Value of Property by
Class of Property and County, Calendar Year 1999 (2000
Collections): Revised April 2004
Taxes charged on all real estate and public utility tangible
property by all local governments in Ohio for calendar year
1999 (2000 collection) were $9.1 billion on a total assessed
value of $170.3 billion, as reported on abstracts filed by
the county auditors. This compares to $13.2 billion in gross
taxes levied (i.e., before tax reduction factors) on the same
Percentage tax reductions required by Section 319.301 of the
Ohio Revised Code were applied to the gross amount of taxes
levied to obtain the net amount of taxes charged.
Cuyahoga County maintains the highest total values and taxes
(levied and charged) while Vinton County had the lowest total
values and taxes (levied and charged).
Franklin County had the largest dollar increase in total
value from tax year 1998 to 1999 at $2.3 billion (14.1
percent) while Columbiana County had the largest dollar
decrease at $28.2 million (2.4 percent). Similarly, Franklin
County had the highest increase in total gross taxes levied
at $200.2 million (13.7 percent) and the highest increase in
total taxes charged at $66.4 million (6.3 percent).
Separate percentage tax reductions were applied to two
classes of real property: the combined value of residential
and agricultural property and the combined value of
commercial, industrial, mineral, and public utility property.
The tax reduction factors are calculated to eliminate the
effect of increases in the valuation of existing real
property in a taxing unit (school district, county,
municipality, etc.) on voted taxes. These percentage tax
reductions do not apply to public utility tangible personal
property taxes. For tax year 1999 this amounted to
approximately $4.1 billion in reduced taxes. The "taxes
charged" figure is prior to any reduction of real estate
taxes resulting from the 10 percent rollback for all real
property, 2.5 percent rollback for residential real property,
or homestead exemption. These reductions are fully reimbursed
to local governments from the State General Revenue Fund.
The figures were taken from abstracts filed with the Ohio
Department of Taxation.